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RECOVERABLE TAXES
 12 Months Ended
Dec. 31, 2022
Recoverable Taxes  
RECOVERABLE TAXES

 

8.RECOVERABLE TAXES

 

     
      Consolidated
  12/31/2022   12/31/2021
State Value-Added Tax   1,130,843     1,162,900
Brazilian federal contributions (1)   1,862,828     1,352,100
Other taxes  189,087    105,375
    3,182,758     2,620,375
       
Classified:      
Current   1,865,626     1,655,349
Non-current   1,317,132    965,026
    3,182,758     2,620,375
(1)In a judgment finalized on September 24, 2021, the Federal Supreme Court, with general repercussion, decided for the unconstitutionality of the levy of IRPJ and CSLL on amounts of interest on arrears at the SELIC rate received because of the repetition of undue tax payment. Although the decision is still pending publication, and the Company's specific lawsuit is still pending judgment, based on its best estimate to date CSN reassessed the judgment on this lawsuit, as required by IFRIC 23 and recorded a credit in the amount of R$229,000. After the final and unappealable court decision of the Company's legal action, these amounts will be considered in the tax assessments, in accordance with Federal Tax Authorities of Brazil.

 

Accounting Policy

 

The accumulated tax credits arise basically from ICMS, PIS and COFINS credits on purchases of raw materials and fixed assets used in production. The realization of these credits normally occurs through offset with debits of these taxes, generated by sales operations and other taxed expenses.

 

The balance of recoverable taxes maintained as current is expected to be offset in the next 12 months, as well as based on analysis and budget projection approved by Management. The Company does not foresee risks of non-realization of these tax credits, provided that these budget projections materialize.